Bulgaria’s non-govt deposits rise 8.9% y/y in April

Sofia: The deposits of Bulgaria’s non-government sector grew by 8.9% on the year in April to some 129.2 billion levs ($71.7 billion/66.1 billion euro), following an 8.3% year-on-year rise in March, the central bank said on Monday.

At the end of last month, the value of non-government deposits was equivalent to 65.2% of Bulgaria’s gross domestic product (GDP) projected for 2024, the Bulgarian National Bank (BNB) said in a monthly report on monetary indicators.

Household deposits went up by an annual 11.1% to some 82.3 billion levs, whereas deposits of financial corporations dropped by 18.6% to 3.18 billion levs, against an annual decline of 12.3% in March.

Deposits of non-financial corporations at the end of the review month amounted to nearly 43.7 billion levs, or the equivalent of 22.1% of the forecast 2024 GDP. They added 7.4% in annual terms last month, compared to a yearly climb of 5% in March.